New York Stock Exchange chief Tom Farley said Friday it could be a good year for initial public offerings despite the delay of what was supposed to be the first big IPO of 2016 .
“The pipeline is very big. We had a couple dozen companies in the fourth quarter that were prepared to go public, and then just didn’t,” Farley told CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switzerland.
“And they include great, big IPOs: Univision, Albertsons, Soulcycle. There was lots of really great companies. They haven’t just gone away, they’re waiting for the IPO window to come back,” he said.
On Thursday, Elevate Credit announced it would delay its IPO, citing “the volatile market.”
“Although the response to the marketing of our planned IPO has been very favorable, we recognize that the current market volatility makes it very difficult to price our offering at present,” CEO Ken Rees said in a release.